HKG:2878 Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	93.26	113.44	153.15	190.84	168.12
Revenue Growth (YoY)	-17.79%	-25.93%	-19.75%	13.52%	38.64%
Cost of Revenue	60.6	75.39	106.81	125.37	100.87
Gross Profit	32.65	38.05	46.34	65.47	67.25
Selling, General & Admin	13.59	14.77	13.79	12.48	14.17
Research & Development	21.52	18.67	17.8	27.07	30.42
Operating Expenses	35.11	33.44	31.59	39.55	44.59
Operating Income	-2.46	4.61	14.75	25.93	22.66
Interest Expense	-0.16	-0.13	-0.08	-0.12	-0.06
Interest & Investment Income	4.07	4.12	2.55	0.36	0.28
Earnings From Equity Investments	0.19	0.14	-0.01	-0.11	0.17
Currency Exchange Gain (Loss)	-0.33	1.09	1.38	-	-
Other Non Operating Income (Expenses)	2.82	0.36	0.9	1.76	1.06
EBT Excluding Unusual Items	4.12	10.17	19.49	27.82	24.11
Gain (Loss) on Sale of Assets	0.04	-0.07	0	0.09	-0.33
Pretax Income	4.16	10.1	19.49	27.91	23.78
Income Tax Expense	0.13	-0.03	0.05	0.08	0.05
Earnings From Continuing Operations	4.03	10.13	19.44	27.82	23.73
Minority Interest in Earnings	-	-	-	0.01	0.05
Net Income	4.03	10.13	19.44	27.83	23.78
Net Income to Common	4.03	10.13	19.44	27.83	23.78
Net Income Growth	-60.24%	-47.90%	-30.14%	17.03%	103.00%
Shares Outstanding (Basic)	2,498	2,496	2,495	2,494	2,488
Shares Outstanding (Diluted)	2,498	2,496	2,495	2,495	2,491
Shares Change (YoY)	0.07%	0.04%	-0.01%	0.18%	0.42%
EPS (Basic)	0.00	0.00	0.01	0.01	0.01
EPS (Diluted)	0.00	0.00	0.01	0.01	0.01
EPS Growth	-59.69%	-48.68%	-29.16%	15.08%	102.37%
Free Cash Flow	-3.83	17.79	36.72	15.05	-7.52
Free Cash Flow Per Share	-0.00	0.01	0.01	0.01	-0.00
Dividend Per Share	-	-	-	-	0.001
Gross Margin	35.01%	33.54%	30.26%	34.31%	40.00%
Operating Margin	-2.64%	4.06%	9.63%	13.59%	13.48%
Profit Margin	4.32%	8.93%	12.70%	14.58%	14.15%
Free Cash Flow Margin	-4.10%	15.68%	23.98%	7.89%	-4.47%
EBITDA	-0.82	6.19	16.14	27.72	24.25
EBITDA Margin	-0.88%	5.46%	10.54%	14.53%	14.42%
D&A For EBITDA	1.64	1.59	1.39	1.8	1.59
EBIT	-2.46	4.61	14.75	25.93	22.66
EBIT Margin	-2.64%	4.06%	9.63%	13.59%	13.48%
Effective Tax Rate	3.20%	-	0.23%	0.30%	0.20%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.